Individual scrip-wise price bands imposed on non-derivative index constituents; exchanges must update systems and notify members. Individual scrip-wise price bands of up to 20% are mandated for securities that are part of index derivatives but not eligible for F&O, to curb excessive price movements. Stock exchanges must implement the bands effective February 17, 2014, put in place systems, amend byelaws/rules, notify trading/clearing members and publish the measure on their websites, under the authority of Section 11(1) of the SEBI Act to protect investor interests.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Individual scrip-wise price bands imposed on non-derivative index constituents; exchanges must update systems and notify members.
Individual scrip-wise price bands of up to 20% are mandated for securities that are part of index derivatives but not eligible for F&O, to curb excessive price movements. Stock exchanges must implement the bands effective February 17, 2014, put in place systems, amend byelaws/rules, notify trading/clearing members and publish the measure on their websites, under the authority of Section 11(1) of the SEBI Act to protect investor interests.
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